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ECB ready to push boundaries of crisis role
The European Central Bank is likely to cut interest rates on Thursday and offer ultra-long liquidity operations to support banks, while leaving the door open to further measures to fight Europe's debt crisis if governments agree fiscal reforms. A Reuters survey of 73 analysts showed a 60-percent chance the ECB will cut rates by 25 basis points to a record low of 1.0 percent -- a floor it previously reached during the financial crisis in 2009. It cut rates by a similar amount in November. New ECB President Mario Draghi reinforced expectations for a rate cut last week when he said the bank had a responsibility to ... (full story)
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